Target Stock News

Target Corporation's weak guidance for the holiday season and softness in discretionary categories lead me to initiate a “Sell” rating with a fair value of $112 per share. Despite 10.8% growth in digital sales, Target's physical stores face challenges, with a 1.9% decline in comparable sales. Internal issues like SKU optimization and supply chain management, along with high competition, contrib...

Target missed the mark in Q3, reporting results well below expectations. Sour investors sent shares in the stock plummeting over 20% during Wednesday's trading hours. While consumers appreciated Target's price promotions, investors were clearly more critical.

The United Nations climate body on Thursday published a fresh set of options for the COP29 summit's primary goal of agreeing how much money richer countries should provide to poorer ones to help them deal with climate change.

Target's earnings miss and guide-down were driven by changing consumer demand for discretionary goods and proactive supply chain adjustments due to a port strike. The stock's drop is overdone, with a revised fair value of $144, making Target a Buy at the current price of $122. Target's valuation is attractive compared to Walmart, with similar return on capital and only slightly lower growth.

The major averages ended Wednesday's session mixed, with the S&P 500 closing near the flatline. Here's what CNBC is watching going into Thursday.

CNBC's Jim Cramer said consumers aren't focused on brand names, but on companies that can provide the most value. "Prices have gotten so high over the past few years that we're losing our loyalty to brands," he said.

Major U.S. equities indexes were mixed and little changed on Wednesday as Nvidia (NVDA) prepared to disclose quarterly results after the closing bell.

Target and Walmart's quarterly results underscore how the two big-box retailer's performances have diverged. Both discounters are contending with price-conscious shoppers, but Walmart reported improving trends with discretionary merchandise and sharper gains with online sales.